Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1221 Capitol Drive Edinburgh, IN 46124

    View on Map
    Claim this Listing
    Pending
    $79,900

    Residential Lots - Edinburgh, IN

    Lot size:
    0.29 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    44
    Last Refresh:
    May 4 at 12:06 am

    Property Features for 1221 Capitol Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Pending
    APN
    731335300056000025
    Lot size
    0.29 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Donju Taylor
    Donju Taylor

    Listing agent Donju Taylor License #RB14048011

    Listing office Keller Williams Indy Metro S N Emerson Ave Ste 300, Greenwood, IN

    Listing date Mar 22, 2026

    MLS# 22090541 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Timbergate Golf Community Buildable Lot

    This is a 0.29-acre buildable lot located behind the clubhouse in the Timbergate golf community. The level lot has no HOA limitations, allowing construction by the builder of your choice and the option to install a pool. The location provides easy access to I65, and the school district is Southwestern, Shelby County. This residential lot is located in Edinburgh, IN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edinburgh
    County
    Johnson
    State
    Indiana
    Longitude
    -85.947656
    Latitude
    39.352731

    Nearby Similar for Sale

    • $499,900

      Four-Unit Multifamily Investment Opportunity

      Two duplexes, four units total, Edinburgh, Indiana. Great investment property.
      606 N Grant Street, Edinburgh, IN 46124
      View Details
    • $3,250,000
      25,000 SF

      Edinburgh Industrial Warehouse on Acreage

      25,000 SF warehouse on 1.06 acres near I-65.
      619 S Kyle Street, Edinburgh, IN 46124
      View Details
    • $320,000

      Edinburgh Duplex: Investor Opportunity

      Duplex in Edinburgh, IN. Fully furnished unit available.
      600 N Grant Street, Edinburgh, IN 46124
      View Details
    • $235,000

      Edinburgh Duplex For Sale

      Duplex with new roof and HVAC, ideal for investors.
      7540 E State Road 252, Edinburgh, IN 46124
      View Details
    • $229,900

      8.25 Acres Residential Land

      Pristine 8.25-acre Indiana land parcel for custom estate.
      Lot 5 S Auburn Hills Drive, Edinburgh, IN 46124
      View Details
    • $750,000
      10,583 SF

      Historic Pixy Theater For Sale

      Historic 10,583 SF Pixy Theater in downtown Edinburgh.
      111 S Walnut St, Edinburgh, IN, 46124-1423
      View Details
    • $300,000

      Prime Retail Corridor Land

      Land along US 31 retail corridor, ideal for development.
      8839 S US Hwy 31, Edinburgh, IN
      View Details
    • $1,000,000

      27 AC Land on US 31

      27 AC of land with frontage on US 31.
      6742 US 31 S, Edinburgh, IN
      View Details
    • Contact for pricing

      6.65 Acre Industrial Land Site

      6.65 acre industrial land in Meadow Lawn Industrial Park.
      US 31, Edinburgh, IN
      View Details
    • Contact for pricing
      227 SF

      Industrial Land Available for Sale

      Large industrial land parcel with utilities for sale.
      13811 North U.S Highway 31, Edinburgh, IN, 46124
      View Details
    • $6,000,000

      Edinburgh Commercial Land For Sale

      19.7 acres of commercial land with high traffic frontage.
      7221 US 31 S, Edinburgh, IN 46124
      View Details
    • $750,000
      10,583 SF

      Historic Pixy Theater For Sale

      Historic 10,583 SF Pixy Theater in downtown Edinburgh.
      111 S Walnut St, Edinburgh, IN 46124
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot in Timbergate golf community with no HOA limitations.
    Where is this residential land & home lot located?
    The property is located at 1221 Capitol Drive Edinburgh, IN.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Over a quarter acre buildable lot in Timbergate golf community.; Located directly behind the clubhouse.; No HOA limitations, allowing builder flexibility.
    (317) 882-5900
    We can help!
    Listing Contact
    Donju Taylor
    Donju Taylor
    Real Estate License ID: RB14048011
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1221 Capitol Drive, Edinburgh, IN 46124

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!